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Nov 16, 2012
11/12
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. >> you get back from sandy in q1. you get the snap back. we had the conversation offset before. i think this is a gift to buy the quality names. and if we could just get to the point where the market is not looking at all equities as in need of going down and say, this is a quality company that can withstand some of the odds in the market. >> the problems, joe, as a trader, 70% of the market trades with the overall market. >> absolutely. that's the point. let's get to a place where that's not the scenario. >> i hear you. this could be the gift to keep giving. >> or taking. >> absolutely. >> if this is volatile. i don't know if it was john harwood focusing on the comments saying that we can make get it done sooner. my information from the information administration is using it right up to the edge. >> reid's comments not something where we wait until the last minute. >> these are facts, scott. they have to come up with an agreement and then scored by the cbo and voted on by congress. >> but steve, you don't need a deal
. >> you get back from sandy in q1. you get the snap back. we had the conversation offset before. i think this is a gift to buy the quality names. and if we could just get to the point where the market is not looking at all equities as in need of going down and say, this is a quality company that can withstand some of the odds in the market. >> the problems, joe, as a trader, 70% of the market trades with the overall market. >> absolutely. that's the point. let's get to a...
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Nov 15, 2012
11/12
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we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now. >>> mean. time, let's head out to sue at the schwab investor summit. impact in chicago. what do you got, sue? >> we got a lot coming. up. incidentally, ty, they miss you out here. we're going to talk about how to prevent your portfolio from literally going over the fiscal cliff. michael cuggino will show us. a five-star rated fund manager. $17 billion under management. where is he putting his money next on this special edition of "power lunch" live from chicago. >>> since 2008, u.s. debt has grown at an average pace of 14% each year. music
we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now....
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Nov 13, 2012
11/12
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saks expects sandy to hit negatively in the fourth quarter. is the department store trend going to be more negative going forward? these big box mall anchors? >> i think it's all, you know, individual, you know, company names here. i think last week versus this week, you've had couple companies. this morning, kors and saks, both saying that the past few days, business has bounced back. i think this is a really, really critical week for retail sales, ahead of black friday and next week, to see if business does bounce back. not only here in the northeast, but throughout the country, post the election, with all these fiscal cliff concerns. if we can see the consumer come back here this week, i think you'll see retail stocks really start to rally toward the end of the week. >> we're going to get on thursday, target earnings, along with walmart and dollar tree. those will be closely watched. on the list here, target's your only buy. so you like it. you price target there, 68 bucks. tell us why, whereas walmart is a hold, for example. >> yeah, i mea
saks expects sandy to hit negatively in the fourth quarter. is the department store trend going to be more negative going forward? these big box mall anchors? >> i think it's all, you know, individual, you know, company names here. i think last week versus this week, you've had couple companies. this morning, kors and saks, both saying that the past few days, business has bounced back. i think this is a really, really critical week for retail sales, ahead of black friday and next week, to...
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Nov 5, 2012
11/12
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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Oct 29, 2012
10/12
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markets closed because of hurricane sandy. kelly evans is in london with the latest. >> melissa, hi. it's being described by some as storms on both side of the atlantic. ubs up 6.5% before financial times reported it may layoff up to 10,000 people and wind down its fixed income business. when that's the outperformer, not necessarily the best of days and also we have decliners outpacing advancers by 7-3 ratio. we have seen stocks make a comeback over the last 60 minutes or so. we could take a look at the sectors for a sense of where the leaders are. we are seeing perhaps four sectors in the green. tech, benefverages, real estate added. we can zero in on insurance market for a second and give you a felt of where the pain is being felt. reinsurers are taking this one on the chin. if you look at some of the other major insurers across europe, we see the same thing. smaller losses but still in the red. they have been losing money. if you are an insurer, we know investments in this low rate environment have gone nowhere. underwritin
markets closed because of hurricane sandy. kelly evans is in london with the latest. >> melissa, hi. it's being described by some as storms on both side of the atlantic. ubs up 6.5% before financial times reported it may layoff up to 10,000 people and wind down its fixed income business. when that's the outperformer, not necessarily the best of days and also we have decliners outpacing advancers by 7-3 ratio. we have seen stocks make a comeback over the last 60 minutes or so. we could...
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Aug 28, 2012
08/12
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let's ask sandy lincoln. rebecca patter son, what do you say, big profits come september? >>. >> we've had a good summer, i don't think you take the profits. we have turbulence ahead of us, but when you look at what's happened over the last 3.5 years. the markets have produced a what, 12 or 13% rate of return on the s&p or something like that. the valuations are still cheap, the companies have good cash on the balance sheet, we could have turbulence, and i think you look at it as an opportunity to set the course. >> are you as optimistic as he is? >> i'm fine, i'm always going to be a little worries, but i have to admit it just depends if they're going to be able to get their act together. it depends and i have to see what the greeks to. >> and you know they talk about capping long rates in europe to try and help the spanish and the italians and to some degree the greeks service their debt going forward. what do you make of in a? good or bad idea? >> i don't know if they will come out with an explicit cap. they're drawing a line in the stand and it will be tested. they wil
let's ask sandy lincoln. rebecca patter son, what do you say, big profits come september? >>. >> we've had a good summer, i don't think you take the profits. we have turbulence ahead of us, but when you look at what's happened over the last 3.5 years. the markets have produced a what, 12 or 13% rate of return on the s&p or something like that. the valuations are still cheap, the companies have good cash on the balance sheet, we could have turbulence, and i think you look at it...
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Apr 23, 2012
04/12
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and a programming note, our very own jim cramer has an exclusive interview with eaton ceo sandy cutler about the latest earnings and outlook. that's on "mad money" tonight at 6:00 eastern. and what may be the most anticipated earnings report of the week, we're going to talk about that next on the program. >>> all right. we're going to say -- we can get you ahead of the stock of apple. the stock now in correction territory -- she try today say. we'll show you what to watch for. and big companies making a big bet on emerging markets. the investigation into walmart change how things get done? back in a minute. a route map shows you where we go. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-thousand employees at delta... must anticipate the unexpected. and never let the rules overrule common sense. this is how we tame the unwieldiness of air travel, until it's not just lines you see... it's the world. >>> welcome back to "power lunch." brian shactman here at the realtime exchange. we've
and a programming note, our very own jim cramer has an exclusive interview with eaton ceo sandy cutler about the latest earnings and outlook. that's on "mad money" tonight at 6:00 eastern. and what may be the most anticipated earnings report of the week, we're going to talk about that next on the program. >>> all right. we're going to say -- we can get you ahead of the stock of apple. the stock now in correction territory -- she try today say. we'll show you what to watch...
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Dec 21, 2012
12/12
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. >> the 1.2 was impacted by hurricane sandy. we had about 20% of our clients impacted by the hurricane. i think we'll see that come back closer to the 1.8%, 1.7% in the third, we hope. >> let go back to that small business formation. you've got some numbers mr. rivera provided. we used to be at 850,000 business starts. we're down to 758,000. we're like a much bigger country than we used to be. that's how few people are starting businesses? >> it really is. it's coming back but it's been very slow. all of these regulations and concerns first about the election, which we're now past but with the fiscal cliff, i think the additional startup, one, it's tough to get the money, you don't want to take the risk. consumer confidence and consumer spending is not quite there yet. at least it's not increasing so you're really not taking the risk to start your business. >> you would figure someone could get a loan to start a business. why take a loan if you're so scared that maybe you go under? >> right. i think when you think of small busin
. >> the 1.2 was impacted by hurricane sandy. we had about 20% of our clients impacted by the hurricane. i think we'll see that come back closer to the 1.8%, 1.7% in the third, we hope. >> let go back to that small business formation. you've got some numbers mr. rivera provided. we used to be at 850,000 business starts. we're down to 758,000. we're like a much bigger country than we used to be. that's how few people are starting businesses? >> it really is. it's coming back...
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Apr 23, 2012
04/12
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sandy cutler, once again, terrific quarter. thank you so much for coming on "mad money". >> thanks, jim. always good to talk to you. >> that's sandy cutler, chairman and ceo of eaton corp. i got a little greedy there hoping for another dividend, but that would be unusual. so many good things are happening at that company. i'm surprised it wasn't up large today, because it sure should have been. stick with eaton, stick with cramer. >>> coming up, bentonville bombshell. the world's largest retail is under fire after allegations of corruption. but is today's pullback a temporary mark don or just its new everyday low price? cramer decides if you should put it in your cart or leave it on the shelf. ♪ strea-ea-ea-ea-eam ♪ ...stream, stream, stream... ♪ whenever i want you, all i have to do is... ♪ [ female announcer ] introducing xfinity streampix. stream your favorite movies and full seasons of shows instantly on any screen. find out more online. in here, great food demands a great presentation. so at&t showed corporate cate
sandy cutler, once again, terrific quarter. thank you so much for coming on "mad money". >> thanks, jim. always good to talk to you. >> that's sandy cutler, chairman and ceo of eaton corp. i got a little greedy there hoping for another dividend, but that would be unusual. so many good things are happening at that company. i'm surprised it wasn't up large today, because it sure should have been. stick with eaton, stick with cramer. >>> coming up, bentonville...
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Dec 5, 2012
12/12
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Nov 16, 2012
11/12
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but we have names that have bucked the down trend. >>> did the sandy gas lines get you thinking about buying a hybrid? well, we did the math. we're going to show you how long it would take to recoup the higher sticker price. answer is this -- a really long time. now back to simon and tyler on "power lunch." >> i still love my prius, brian. >>> cream filling inside sponge cake on the outside! the twinkie, an american passion. on the verge now of extinction and the company is pointing one very sticky finger at its union. kayla tausche on the case and inside the box. kayla? >> well, tyler, it is the end of the road for hostess. twinkie maker liquidating today shuddering 18,500 jobs by monday. 200 of those jobs here at a plant in wayne, new jersey. now today is the last day of work for most of the employees, like assembly workers and mechanics. they say they're just trying to figure out what's next. wi >> first thing i'm going do is look for another job. i don't expect this to open up -- i have a feeling this is closed down for good. >> i banked around this job. i bought my house close be
but we have names that have bucked the down trend. >>> did the sandy gas lines get you thinking about buying a hybrid? well, we did the math. we're going to show you how long it would take to recoup the higher sticker price. answer is this -- a really long time. now back to simon and tyler on "power lunch." >> i still love my prius, brian. >>> cream filling inside sponge cake on the outside! the twinkie, an american passion. on the verge now of extinction and...
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Nov 14, 2012
11/12
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have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in advance, it's not untypical to avoid thinking about the unthinkable. >> right. >> it's happened in many situations. >> real quick. politically, we keep talking about the politics of the fiscal cliff and all of this, but the politics of energy in this country, do you think that 2020 prediction is ultimately going to be right. do you see the administration now they've been reelected doing the things that you think will actually get us there? yes, no, where are you? >> i'm skeptical as to whether we'll actually reach that goal.
have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in...
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Aug 16, 2012
08/12
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second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for myself and from my partners and so on. it was fine. i don't think it hurt anyone, but on the other hand, it's not particularly good either. it's a method. >> are you confusing greed with a profit incentive, seriously? are you questioning whether the profit incentive has been a positive force for good over the years? >> when mitt romney was at bain, the whole idea was let's streamline the companies, move the jobs overseas. >> greed means you're taking more, greed is a totally different things than a profit incentive. that's that he a low determinant, henry, you know that. >> gekko's point in the speech this is a fat, s
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for...
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Dec 3, 2012
12/12
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 5, 2012
12/12
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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many railroads, we know that because we have backed away because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which is always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway -- kansas city southern also saw some exposure to
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many railroads, we know that because...
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Dec 5, 2012
12/12
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Jul 13, 2012
07/12
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. >> sandy the producer saying nine days from now. go to american apparel. >> go to the gap. >> enough of that. beret-gate is not over, folks. get ready for a long weekend. >>> up next on "street signs," yes, you, too, can buy a lifetime tub of mayonnaise but should you -- or buy costco stock. >>> a bunch of news of the wine. italy's looming vino crisis and why they want to bank california wine. what will they do next? >>> special friday the 13th edition of "street talk" time is lexmark. >> down 15.5%. cutting guidance. seeing second quarter revenue down about 12% versus a year ago. there's other issues there here. you have a cut of barclays to an underweight. cut the target. down about 27% this year. x xerox and hp down on the lexmark. printer maker. >> unfavorable exchange rates. weakness in europe. paste and cutting the guidance and putting it on every international company's earnings this system. >>> cytec, increased deand the, up by 5%. >> we should talk about all companies up given the rally. it is a name that's higher. lexmark
. >> sandy the producer saying nine days from now. go to american apparel. >> go to the gap. >> enough of that. beret-gate is not over, folks. get ready for a long weekend. >>> up next on "street signs," yes, you, too, can buy a lifetime tub of mayonnaise but should you -- or buy costco stock. >>> a bunch of news of the wine. italy's looming vino crisis and why they want to bank california wine. what will they do next? >>> special friday...
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Nov 30, 2012
11/12
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they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the cme with jim bianco. rick? >> absolutely. always an interesting guest. welcome, jim. i guess let's start out, you know, if i go back to october 26th when gdp from third quarter had its flash and it was 2%, the market was down close to ten basis points. they weren't satisfied with it even though it was better than everybody thought. so yesterday we get an upgrade to 2.7 and what happens? the market doesn't do anything to the down side reflecting that strength. so i think the market is smart. what do you think? >> i do too
they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the...
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Nov 28, 2012
11/12
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we know what happened. >> superstorm sandy hit the northeast, and it had an impact. apple was down 1.5%, but it did repair some of the losses. apple still down by about 1.3%. >> on the home builders they've had a phenomenal run, some of them have doubled. it's extraordinary the gains you've had. >>> we have barbara corcoran of the corcoran group, to talk about whether or not there is maybe a crack in the housing pictures and also henry blodgett, remember the -- he'll be speaking with andrew macing at groupen, so he'll have the lowdown. >> everybody wants to know whether his first question will be about mason's tenure. guys, see you a bit later. here's what you might have missed if you're just tuning in. >>> welcome to hour 3 of "squawk on the street." here's what's happening so far. >> we need a market credibility $4 try wrong plan that comprises both tax increases and significant entitlement reform. >> we run a deficit every year, but because the economy grows, 18 1/2 and 21 is a have sustainable figure. >> when you meet with business leaders. they're going to have
we know what happened. >> superstorm sandy hit the northeast, and it had an impact. apple was down 1.5%, but it did repair some of the losses. apple still down by about 1.3%. >> on the home builders they've had a phenomenal run, some of them have doubled. it's extraordinary the gains you've had. >>> we have barbara corcoran of the corcoran group, to talk about whether or not there is maybe a crack in the housing pictures and also henry blodgett, remember the -- he'll be...
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Dec 27, 2012
12/12
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you have sandy. the weather hasn't been cooperating. so, there's some real consumer downturn as well. >> and what are you able to tell us about the decisions that your clients are making with you? you are trading leases all the time, presumably, all the big, high-street names. is there optimism? what are the leases you are signing at the moment, higher than lower than perhaps we had six months or a year ago? >> the national retailers continue to be very optimistic about the next couple of years. we are in a recovery, not with sa standing that the fiscal cliff. i think most of the national retailers continue to be optimistic about where they are going the next couple of years. lots of leases are being signed. store counts are being expanded. the retailers, in general, have stronger balance sheets and they are ready to grow again. hopefully, this will be just a temporary pause in terms of the fiscal situation. >> hey, david, i'm curious you when we are sitting here and just after the christmas holiday, what data point do you look to give
you have sandy. the weather hasn't been cooperating. so, there's some real consumer downturn as well. >> and what are you able to tell us about the decisions that your clients are making with you? you are trading leases all the time, presumably, all the big, high-street names. is there optimism? what are the leases you are signing at the moment, higher than lower than perhaps we had six months or a year ago? >> the national retailers continue to be very optimistic about the next...
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Aug 8, 2012
08/12
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so you can coo to sandy but you can't coo to her? what's different sm. >> sandy was wrong and i would make an argument that she's wrong, too. we'll tack about both of those. >> okay, you go ahead. >> coming up, the new ceo of fannie mae on the state of housing and the plan to get mortgage holders out of the red. we're going to get reactions to the ceo's comments from our own guest meredith whitney, who may be right or wrong. i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> we've been talking housing all morning. let's go now to diana with an exclusive interview. >> fannie mae just reported quarter live results, net income $5.1 billion, the second straight quarter fannie mae has been in the black. last quarter was the first time since 2008. the bleeding has stopped for now. they did pay $2 opinion 9 billion back to the treasury. also in q2, fannie mae got a new ceo, timothy mayopoulos. you were at t
so you can coo to sandy but you can't coo to her? what's different sm. >> sandy was wrong and i would make an argument that she's wrong, too. we'll tack about both of those. >> okay, you go ahead. >> coming up, the new ceo of fannie mae on the state of housing and the plan to get mortgage holders out of the red. we're going to get reactions to the ceo's comments from our own guest meredith whitney, who may be right or wrong. i was on maternity leave. i have retired from doing...
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Nov 16, 2012
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they were hurt by sandy a little bit. the northeast ones. there's a one-month chart. finally today, a positive print on the overall utilities but a rocky road for them and same situation with telecom. they're the most affected by the fiscal cliff issues. telecom down about 5.5% since the election began and down another 1% today. carl, back to you. >> all right. bob, thanks so much for that. at least one consumer still has some money. video gamers. get to brian shactman at headquarters with that story. >> unbelievable numbers here. take a look at how it's trading. strongly to the upside on huge volume. "call of duty" $500 million sell through in the first 24 hours. microsoft released "halo 4" a week ago with $220 million in the first day. double that. huge numbers. raised the guidance last week based on expectations. trading 8 million shares a day. already up to 11. back to you. >> thanks a lot. >>> let's get to rick santelli talking the fiscal cliff with a special guest at the cme. hey, rick. >> i am, indeed. before the special guest, you know in one of the last inter
they were hurt by sandy a little bit. the northeast ones. there's a one-month chart. finally today, a positive print on the overall utilities but a rocky road for them and same situation with telecom. they're the most affected by the fiscal cliff issues. telecom down about 5.5% since the election began and down another 1% today. carl, back to you. >> all right. bob, thanks so much for that. at least one consumer still has some money. video gamers. get to brian shactman at headquarters...
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Nov 12, 2012
11/12
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you see hurricane sandy come across, people want to know why and global warming becomes something we pay attention to again. animal planet and discovery channel put out the big documentaries like "life" and "planet earth" we know that the attention to those types of things get picked up so people fall in love with animals again. >> we have to go but there is a crocodile here. >> oh, wow. >> i got him. >> baby crocodile. whoa. >> don't go near this guy's face. you can come around again, i'll bring him into the light. his teeth are open specifically because he'd like to bite so don't get too close. this is not something you'll see in north america. this is the crocodile, the cousin to the alligator we're sort of used to. my favorite thing about these guys they are so prehistoric. they haven't evolved much in the last 800 years. they sit in the water sort of like this and you can see his nostrils at the top of his head, eyes and just behind his eyes you see the slits, those are his ears. i guy has evolved to sit in the water like this, he's got his webbed feet for swimming and he just w
you see hurricane sandy come across, people want to know why and global warming becomes something we pay attention to again. animal planet and discovery channel put out the big documentaries like "life" and "planet earth" we know that the attention to those types of things get picked up so people fall in love with animals again. >> we have to go but there is a crocodile here. >> oh, wow. >> i got him. >> baby crocodile. whoa. >> don't go near...
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Sep 10, 2012
09/12
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if that argument holds as much water as i think you and people like sandy and phil purcell think, why has jamie dimon and victor moynihan not pursued that? >> i think they should. they should have robust discussions with their boards and shareholders and at least do the analysis and determine whether they would be worth more in pieces than they are in very one large complex financial institutionses. obviously chase's stock does better than b of a or citi. shareholders need to look at that but i would very much like the market to drive this. one of the things government can do is try to force simplification of their legal structures, some type of s subsidiarization models. that would make it easier for shareholders to see how it could be broken up. >> they say it is a, too complicated to break them up. >> right. >> they say how would do you it and b, bill harrison was on cnbc last week and said this is what the client wants. you don't buy that. >> well, i don't. first of all they're complex legal structures, we all say we break them up and that's easy to say but getting from point "a"
if that argument holds as much water as i think you and people like sandy and phil purcell think, why has jamie dimon and victor moynihan not pursued that? >> i think they should. they should have robust discussions with their boards and shareholders and at least do the analysis and determine whether they would be worth more in pieces than they are in very one large complex financial institutionses. obviously chase's stock does better than b of a or citi. shareholders need to look at that...
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Jun 13, 2012
06/12
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along with sandy wile, even going to bankone and eventually creating jpmorgan as we know it today. do you think big banks in general are, in a sense, on trial today? this is not a courtroom. it's not an alleged crime that's happened here. but is it the size of banks that we're really talking about, not just what happened in london? >> you know, i don't think it's so much the size, per se, but it's really -- it goes to the crux of the issue as far as are these companies -- has the complexity of these organizations gone too far outside of what we had in terms of glass-steagall several years ago. and is it really reasonable to think they can effectively manage these risks across a $2 trillion balance sheet. that's really difficult to determine. and, obviously, fuels a lot of debate as to whether or not we should certainly unwind some of these companies. but it's a hotly contested issue. with a fair amount of arguments, fair or not, on both sides of the equation. >> todd, there are other people that suggest actually if jamie dimon continues to be under pressure and the share price is u
along with sandy wile, even going to bankone and eventually creating jpmorgan as we know it today. do you think big banks in general are, in a sense, on trial today? this is not a courtroom. it's not an alleged crime that's happened here. but is it the size of banks that we're really talking about, not just what happened in london? >> you know, i don't think it's so much the size, per se, but it's really -- it goes to the crux of the issue as far as are these companies -- has the...
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Aug 20, 2012
08/12
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. >> we had sandy weill on a couple of weeks ago. do you have a view on what should happen to big banks, should they stay big, be broken up? >> there's a different culture between being a commercial banker and investment banker and i would find it difficult to be ceo of an institution that did both because i relate it to taking your salesman and making him credit manager, or take the credit manager and make him the salesman. can you imagine the conflict in cultures? you know, a commercial banker is taught to take no risk. investment banker is taking all kinds of risks but it's with other people's money. so how do you bring those two together? >> are you arguing to break them up? >> i don't think it's beneficial to have them combined. i do not. >> but is that a profit issue for you or a safety soundness issue? >> i think it's a soundness issue and i think that commercial banks, you know, they have guaranteed deposits and that being the case, they should be taking much, much less risk, and it's hard to draw, you know, they say there's
. >> we had sandy weill on a couple of weeks ago. do you have a view on what should happen to big banks, should they stay big, be broken up? >> there's a different culture between being a commercial banker and investment banker and i would find it difficult to be ceo of an institution that did both because i relate it to taking your salesman and making him credit manager, or take the credit manager and make him the salesman. can you imagine the conflict in cultures? you know, a...
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Dec 18, 2012
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the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for our viewers. >> that leads you to wonder what happens to some of the retailers that sell the guns, like a cabela's. cabela's results this past year seem to have been improving thanks in part to the rising gun sales. the gun manufacturers, the stocks really took off particularly after the elections. there was a notion that because obama was reelected, there would be tighter gun control regulations, and so there are a lot of people who went into the market, applied for guns, bought guns, and that really helped these stocks. but since the tragedy, the stocks have been off. you wonder whether or not investors are really questioning
the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for our viewers. >> that leads...
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Dec 18, 2012
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i am saying that the military-type weapons, the type of weapon that was used in sandy hook, last friday, in my view, should be banned. that is not a -- i don't believe that that abridges someone's second amendment rights. the high capacity magazines do not abridge people's constitutional rights. and i think you're seeing more and more people on all sides of this issue come to the table and say, let's reason together, and look at how we avoid the situation in the future. >> congresswoman we're going to have to leave it there. this is a conversation that, of course, is going to continue. we thank you for joining us this morning. >> up next, former omb director david stockman ready to rise above and tell us why he thinks the fed is at the heart of the problem when it comes to solving our nation's budget woes. "squawk box" will be right back. time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it.
i am saying that the military-type weapons, the type of weapon that was used in sandy hook, last friday, in my view, should be banned. that is not a -- i don't believe that that abridges someone's second amendment rights. the high capacity magazines do not abridge people's constitutional rights. and i think you're seeing more and more people on all sides of this issue come to the table and say, let's reason together, and look at how we avoid the situation in the future. >> congresswoman...
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Nov 16, 2012
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and when we were down shortly after hurricane sandy hit and we were in the delta operations center and we were talking to some of the executives at delta, we said what do you think about the new 787. and they said we'll get them eventually. richard likes to have established airplanes in the fleet. that's not a knock against the 787, it just goes straight to his philosophy which is let's take these older aircraft and, yes, they may be less fuel farkt, but they can get the efficiencies. >> i never like to buy the first version of anything about that. >> if you think of it that way, you're -- we'll buy the brand new jets from china and fly those. aah! >> i want to go back to virgin america for just a second because i fly you and frankly i love you. i fly you to l.a. all the time. but you mostly focused on what are probably the most competitive routes out there. and i wonder just from a business model perspective, do you ever thing now that you should start thinking about different routes, frankly less competitive and may have a bigger margin? >> you go where the money is and there's a rea
and when we were down shortly after hurricane sandy hit and we were in the delta operations center and we were talking to some of the executives at delta, we said what do you think about the new 787. and they said we'll get them eventually. richard likes to have established airplanes in the fleet. that's not a knock against the 787, it just goes straight to his philosophy which is let's take these older aircraft and, yes, they may be less fuel farkt, but they can get the efficiencies. >>...
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Apr 23, 2012
04/12
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and i do believe that sandy cutler can set the tone. he has secular growth. i'm not sure the executive should be written off. >> so we will see decent numbers. >> you bet we have. >> honeywell. >> he was remarkable on friday and bullish offcamera. >> you are reserving throughout the week. >> i got up early this morning because yb can't sleep. >> europe is not a growth market for these companies. >> they trade until the market closes. they shouldn't. there are guys. they have a formula. it's like an algorithm. europe down. they don't think about it. they are not paid to think. >> it's an amazing business. everyone should go into it. you don't have to do well and get paid a fortune. >> we'll see you tonight. when we come back some eye opening perspectives. apple shares now in correction mode. earnings tomorrow night. we'll talk about that when "squawk on the street" comes back. a route map shows you where we go. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-
and i do believe that sandy cutler can set the tone. he has secular growth. i'm not sure the executive should be written off. >> so we will see decent numbers. >> you bet we have. >> honeywell. >> he was remarkable on friday and bullish offcamera. >> you are reserving throughout the week. >> i got up early this morning because yb can't sleep. >> europe is not a growth market for these companies. >> they trade until the market closes. they...
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Dec 24, 2012
12/12
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you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind u
you think you had the long calendar, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >>...
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Dec 14, 2012
12/12
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the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each other for a lack of progress. this was the speaker yesterday. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> we're joined this morning by a republican member of the house budget committee congressman mick mulvany of south carolina. congressman, good morning to you. >> hey, guys. thanks for having me. >> it's been quite a week as we watch the progress or lack of progress in these talks and now so much of the attention is being paid to the house republicans and those that ag
the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each...
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May 1, 2012
05/12
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if you look at the head of the pga tour in europe, sandy jones, and they're making statements like this. i didn't do all of this work in order to have wind mills being built two miles away. >> joe? >> do you like the fact i said afs good golfer? >> donald, i'm fighting a battle with the wedge again. you know that. it a very sore subject. >> he doesn't love chipping but he's getting it. >> you get close to the green? >> for golfers out there, i'm now clawing my chips, if that tells you anything. it's a left-hand, low claw move that i do. i need a psychiatrist, not a coach. >> donald, let's talk politics for a second. big issue seems to be obama using the death of osama bin laden politically. where are you at on that? >> i think he has to use whatever he can use. he can't use the economy. i think he should probably try and get away with doing it. i know there's a lot of heat. >> so you would not criticize him for that? even some democrats have -- >> i don't criticize for anything. if he's going to use it, let him try. if you're the president and you're sitting there and one of your brilli
if you look at the head of the pga tour in europe, sandy jones, and they're making statements like this. i didn't do all of this work in order to have wind mills being built two miles away. >> joe? >> do you like the fact i said afs good golfer? >> donald, i'm fighting a battle with the wedge again. you know that. it a very sore subject. >> he doesn't love chipping but he's getting it. >> you get close to the green? >> for golfers out there, i'm now clawing...